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Lessons from my first exit

(mtlynch.io)
410 points saeedesmaili | 2 comments | 14 Nov 24 07:32 UTC | HN request time: 0s | source
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ffjffsfr ◴[14 Nov 24 12:19 UTC] No.42135513[source]▶
great write up.

> $920k over four years

so this gives an average yearly salary of 230k. Very close to FAANG senior salary with much more risk, effort and (probably) worse life-work balance. OP quit from google in 2018 and ran some other business, and this is his biggest sale so far. I think it shows how hard it is to make better money outside FAANG even when extremely talented and lucky like OP. But it's probably more about lifestyle choices.

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optymizer ◴[14 Nov 24 14:30 UTC] No.42136423[source]▶
Senior devs are closer to 400K-500K total comp. Very senior devs are above that.

Still, the value of working on your own project full-time (rather than someone else's thing) can easily justify accepting the difference.

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yen223 ◴[14 Nov 24 19:39 UTC] No.42140273[source]▶
I'm surprised no one here has factored in the very real risk of getting laid off.
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1. negus ◴[14 Nov 24 20:41 UTC] No.42140983[source]▶
Do you think that this risk is bigger than you business being hit by the market?
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2. yen223 ◴[14 Nov 24 20:59 UTC] No.42141147[source]▶
Probably not, but it's still not 0